Stellantis N.v. · EURONEXT:STLAP
Stellantis — Investor Day (June 2024)
39 slides from Stellantis's investor day presentation, Jun 13, 2024
Slide 1: Natalie Knight, Chief Financial Officer
~ NATAL IE KNIGHT» _ . CHIEF FINANCIAL OFFICER me.
Slide 2: Financial Review and Capital Update
INVESTOR DAY ae FINANCIAL REVIEW AND CAPITAL UPDATE RIGOROUS APPROACH TO VALUE CREATION 1. 2024 FINANCIAL OUTLOOK 2. ENHANCED CAPITAL PLAN 3. CONTINUED STRONG TSR POTENTIAL
Slide 3: 2024 Financial Outlook: Focus on Execution
FINANCIALS 1 | 2024 FINANCIAL OUTLOOK STELEANTIS FOCUS ON EXECUTION ADDRESSING KEY CHALLENGES Ke) ©
Slide 4: Guidance Confirmed: 2024 a Transition Year
“rnancis | 2024 FINANCIAL OUTLOOK ue 9 NTIS ae U is GUIDANCE CONFIRMED 2024 A TRANSITION YEAR att ? bes “CAPITA cals COMMITMENT ; ; 778 RETURNED CAPITAL 11% ANNUAL YIELD H12024 COLOR Q2 REVENUE IMPROVING vs. Q1 moe k
Slide 5: Costs and Industrial Free Cash Flow
“rina 1 2024 FINANCIAL OUTLOOK COSTS wil IND. FREE CASH FLOW i es Strengthened operating Raw material tailwinds performance Savings from | headcolintrentietions More favorable working capital dynamics Delivery logistics restructuring Lower R&D and CapEx
Slide 6: H2 2024 Dynamics Support Progress
H2 2024 DYNAMICS SUPPORT PROGRESS ©
Slide 7: H2 2024 Dynamics: Cost Reduction
FINANCIALS 1 | 2024 FINANCIAL OUTLOOK H2 2024 DYNAMICS SUPPORT PROGRESS €500M Cost incremental reduction in. H2 vs. H1
Slide 8: H2 2024 Dynamics: FCF Improvement
FINANCIALS 1 | 2024 FINANCIAL OUTLOOK H2 2024 DYNAMICS SUPPORT PROGRESS FCF IMPROVEMENT Sequential improvement vs. H1
Slide 9: Enhanced Capital Plan
STELL INVESTOR DAY g FINANCIAL REVIEW AND CAPITAL UPDATE RIGOROUS APPROACH TO VALUE CREATION ZIAL © 2. ENHANCED CAPITAL PLAN
Slide 10: Our Strong Capital Story
WE MANAGE WE delat ( Py WE DEPL WE Prt mite OUR STRONG CAPITAL STORY :
Slide 11: We Manage Our Balance Sheet with a Clear Purpose
WE MANAGE STELEANTIS OUR BALANCE SHEET WITH A CLEAR PURPOSE CYCLICAL RESILIENCE COMMITTED TO NEUTRAL NET WORKING CAPITAL BY END OF 2026 FULLY FUNDED TRANSFORMATION OPTIONALITY TO CONSIDER ORGANIC AND M&A OPPORTUNITIES EXCESS CASH RETURNED TO SHAREHOLDERS
Slide 12: Efficient Liquidity Supporting Future Growth
2 | ENHANCED CAPITAL PLAN WE MANAGE EFFICIENT LIQUIDITY SUPPORTING FUTURE GR‘ LIQUIDITY! percentage of net revenues
Slide 13: Strong Profitability and Cash Generation
=e Sa WE GENERATE STRONG PROFITABILITY AND CAS 2023 GROUP AO! MARGIN steLuANTis STELLANTIS COMMITMENT _ ol Peers include BI ol (2) Based on publicly disclo:
Slide 14: We Deploy to Profit Pools That Power the Future
2 ENHANCED CAPITAL PLAN WE DEPLOY TO PROFIT POOLS THAT POWER THE FU 2021 TO 2023 2024 TO 2027
Slide 15: Flexible Multi-Energy Platform
STELLY WE DEPLOY INTO FLEXIBLE MULTI-ENERGY PLATFORM TO BE MULTI-EN!
Slide 16: Cost-Efficient Reskins and Derivatives
STELEANTIS WE DEPLOY IN COST-EFFICIENT RESKINS AND DERIVA 60% OF OURPORTFOLIO
Slide 17: Deploying Capital Strategically and Efficiently
FINANCIALS = 2 | ENHANCED CAPITAL PLAN WE DEPLOY STRATEGICALLY AND EFFICIENTLY ® => im eR TE BSE
Slide 18: Deploying Capital Efficiently
2 ENHANCED CAPITAL PLAN WE DEPLOY CAPITAL EFFICIENTLY 11.10% MILLION EURO. 17,916 MILLION EURO 12,532 STELEANTIS _ PEERS! ania TOTAL CAPEX AND R&D SPEND PER CAR SPEND AS % OF SOLD2 REVENUE?
Slide 19: A Strong Capital Return Story
“riven 2 ENHANCED CAPITAL PLAN WE DISTRIBUTE A STRONG CAPITAL RETURN STORY ee ) FA 11% 2 ANNUAL “SEARS OF RETURN YIELD’ (1) Percentage of Statsitis nant pitali lization snp 2024 ‘ Based on available information as of May 21 2024
Slide 20: Building Strong Dividend Track Record
“Pinan 2 | ENHANCED CAPITAL PLAN WE DISTRIBUTE BUILDING STRONG DIVIDEND AR ASELS RECOR AFFIRMING PAYOUT RANGE 25-30% OF NET INCOME, WITH STRONG SUPPORT TO DEVELOP A STABLE DIVIDEND PER SHARE (1) Refers to 2025 distrit ibution based on 2024 net income (2) Based on share price as of May 312024 ve nny
Slide 21: Share Buybacks Core to Shareholder Remuneration
“riven 2 | ENHANCED CAPITAL PLAN WE DISTRIBUTE SHARE BUYBACKS TO ANS NSU EN =P STELLANTIS’ SHARE BUYBACKS ARE AND WILL CONTINUE TO BE A CORE COMPONENT OF SHAREHOLDER REMUNERATION - (1) Based on year-to-date repurchases and share price as of May 312024
Slide 22: Continued Strong TSR Potential
STELL INVESTOR DAY g FINANCIAL REVIEW AND CAPITAL UPDATE RIGOROUS APPROACH TO VALUE CREATION ZIAL © Jala 3. CONTINUED STRONG TSR POTENTIAL
Slide 23: Track Record of Delivering Strong Return
ee TRACK RECORD OF DELIVERING STRONG RETURN > DECEMBER 31, 2021 - MAY 31, 2024 , mI @) TOTAL > SHAREHOLDER RETURN if (1) Baseline is 2021 pro forma of PSA and FCA combined margin prior to merger
Slide 24: Continued Runway for TSR Going Forward
FINANCIALS (1) Based on current distribution conditions and share price as of May 312024 3 | CONTINUED STRONG TSR POTENTIAL CONTINUED RUNWAY FOR TSR GOING FORWARD DIVIDEND INCOME >7T% DIVIDEND YIELD AT CURRENT DPS LEVEL BUYBACK AS EPS Coen DOUBLE-DIGIT >4% ANNUALIZED RETURN POTENTIAL FROM CAPITAL RE
Slide 25: Key Takeaways
TRANSLATING OUR PERFORMANCE | INTO SUSTAINABLE VALUE \ Vi\ TAKEAWAYS: speci r 1. 2024 focus on execution, with i improving dynamics in H2_ and guidance confirmed wih « ise ! wae 2. Strong cape pap al ribgaeet liquidity positioned for growth
Slide 26: What Drives Stellantis Today and Tomorrow
WHAT DRI STELEANTIS INVESTOR DAY Pane JUNE 13%, 2024 VES STELLAN AY AND TOMORROW ‘CARLOS TAVARE CHIEF EXECUTIVE OFFICER < ae
Slide 27: Key Takeaways
-KEY TAKEAWAYS: 4.-Stellantis is a highly differentiated global OEM, lending its specific advantages against a dynamic and disruptive industry backdrop 2. Stand-out multi-energy flexibility allows Stellantis to deliver profitably across.a:wide variety of EV-adoption scenarios 3. The company is addre
Slide 28: Appendix
APPENDIX
Slide 29: Safe Harbor Statement
STELEANTIS SAFE HARBOR STATEMENT See This document, in particular references to “FY 2024 Company Guidance”, contains forward-looking statements. Statements regarding future financial performance and the Company's expectations as to the achievement of certain targeted metrics, including revenues, ind
Slide 30: Definitions and Notes to Presentation (1 of 2)
DEFINITIONS AND NOTES TO PRESENTATION (1 of 2) For purposes of this presentation, and unless otherwise stated: • LEV: Low emission vehicles, which include battery electric (BEV), plug-in hybrid (PHEV), range-extender electric vehicle (REEV), and fuel cell electric (FCEV) vehicles • EU30: EU 27 (excl
Slide 31: Definitions and Notes to Presentation (2 of 2)
DEFINITIONS AND NOTES TO PRESENTATION (2of 2) • 3rd Engine: Refers to the aggregation of the South America, Middle East & Africa and China and India & Asia Pacific segments for presentation purposes only • NEV: New energy vehicle; includes BEVs, PHEVs and fuel cell vehicles. • CARB: California Air R
Slide 32: Non-GAAP Financial Measures (1 of 2)
NON-GAAP FINANCIAL MEASURES (1 of 2) Stellantis monitors our operations through the use of several non-generally accepted accounting principles (“non-GAAP”) financial measures: Adjusted operating income, Industrial free cash flows and Industrial net financial position. We believe that these non-GAAP
Slide 33: Non-GAAP Financial Measures (2 of 2)
NON-GAAP FINANCIAL MEASURES (2of 2) Unusual operating income/(expense) are impacts from strategic decisions as well as events considered rare or discrete and infrequent in nature, as inclusion of such items is not considered to be indicative of the Company's ongoing operating performance. Unusual op
Slide 34: 2020 Non-GAAP Reconciliations
2020 NON-GAAP RECONCILIATIONS NET REVENUES, NET PROFIT TO AOI, AOI TO AOI INCL. JV’S
Slide 35: 2021 Non-GAAP Reconciliations
2021 NON-GAAP RECONCILIATIONS NET REVENUES, NET PROFIT TO AOI, AOI TO AOI
Slide 36: 2022 Non-GAAP Reconciliations
2022 NON-GAAP RECONCILIATIONS NET REVENUES, NET PROFIT TO AOI, AOI TO AOI INCL. JV’S
Slide 37: 2023 Non-GAAP Reconciliations
2023 NON-GAAP RECONCILIATIONS NET REVENUES, NET PROFIT TO AOI, AOI TO AOI INCL. JV’S
Slide 38: Non-GAAP Reconciliations: Available Liquidity
NON-GAAP RECONCILIATIONS AVAILABLE LIQUIDITY (€ million) 2023 2022 2021 Cash, cash equivalents and financial securities(1) € 49,758 € 49,960 € 51,128 Undrawn committed credit lines 12,621 12,680 12,810 Cash, cash equivalents and financial securities - included with Assets held for sale 231 65 — Tota
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